Behind On Savings?
It’s always best to retire with a comfortable cushion, but because of the tough economy and the volatile markets of the past few years, many Americans have had trouble saving enough.
If you’re among them, you might consider the benefits of working a bit longer. The most obvious advantage is that it allows you to put more income into your savings, but there are other, less-appreciated advantages to extending your working years.
First, the longer you work, the longer you avoid cracking open your nest egg. This is important because today’s longer lifespans mean our assets often need to last for 30 years or more.
Secondly, working longer increases your Social Security benefits—and those increased benefits can help you live the retirement lifestyle you really want.
As always, we’re happy to have a more in-depth discussion about any retirement topic. Contact us at 830-609-6986.
The views expressed represent the opinion of Christian Financial Advisors®. The views are subject to change and are not intended as a forecast or guarantee of future results. This material is for informational purposes only. It does not constitute investment advice and is not intended as an endorsement of any specific investment. Stated information is derived from proprietary and nonproprietary sources that have not been independently verified for accuracy or completeness. While Christian Financial Advisors® believes the information to be accurate and reliable, we do not claim or have responsibility for its completeness, accuracy, or reliability. Accordingly, such statements are inherently speculative as they are based on assumptions that may involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such statements. Past performance is not indicative of future results. For any discussion of equity securities: Investing in equity securities involves risks, including the potential loss of principal. While equities may offer the potential for greater long-term growth than most debt securities, they generally have higher volatility. For any discussion of taxes: Christian Financial Advisors® does not provide tax advice and encourages you to seek guidance from a tax professional.